Solana Price Stagnates Amid Muted Demand and Technical Uncertainty

Solana's price has been hovering above $75 on Monday, testing its 50-day Exponential Moving Average (EMA) at $76.54 after a 3% surge the previous day.

The Solana-focused ETFs recorded $7.20 million in inflows last week, marking their fourth consecutive week of inflows. This is a relatively subdued figure compared to the $20 million in weekly inflows seen earlier this year.

Institutional interest in Solana remains muted, while retail activity shows mixed sentiment. The Open Interest (OI) has contracted by 1.60% over the last 24 hours to $4.81 billion, while volume has increased by 38% to $4.24 billion.